RaviFlex: what changed
RaviFlex
Largest movements
- Tangible fixed assets -€223,925
down €223,925 (-10.1%), from €2.2m to €2.0m
of which Leasing and similar rights: -€160,465
- Receivables within one year +€183,176
up €183,176 (+150%), from €122,018 to €305,194
of which Trade receivables: +€146,225
- Cash -€33,334
down €33,334 (-69.1%), from €48,208 to €14,874
mainly Net result for the year (-€912,447) and Debts after one year (-€436,669)
- Intangible fixed assets -€26,443
down €26,443 (-40.6%), from €65,195 to €38,751
- Contributions +€1.3m
up €1.3m (+67.6%), from €1.9m to €3.2m
- Profit (loss) carried forward -€912,447
down €912,447 (-25.4%), from -€3.6m to -€4.5m
- Debts after one year -€436,669
down €436,669 (-16.1%), from €2.7m to €2.3m
- Investment grants -€27,712
down €27,712 (-10.0%), from €277,123 to €249,411
- Trade debts +€27,585
up €27,585 (+16.9%), from €163,414 to €191,000
- Gross operating margin -€111,214
down €111,214 (-232%), from -€47,908 to -€159,123
- Staff costs -€47,545
down €47,545 (-10.7%), from €443,115 to €395,570
- Financial charges -€7,832
down €7,832 (-5.8%), from €135,893 to €128,061
- Depreciation -€6,839
down €6,839 (-2.6%), from €260,067 to €253,228
- Other operating charges -€1,793
down €1,793 (-64.9%), from €2,760 to €968
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,462,564 | €2,360,236 | -€102,328 | -4.2% |
| Fixed assets | 21/28 | €2,281,975 | €2,031,606 | -€250,368 | -11.0% |
| Intangible fixed assets | 21 | €65,195 | €38,751 | -€26,443 | -40.6% |
| Tangible fixed assets | 22/27 | €2,216,780 | €1,992,855 | -€223,925 | -10.1% |
| Plant, machinery and equipment | 23 | €556,165 | €493,458 | -€62,707 | -11.3% |
| Furniture and vehicles | 24 | €4,409 | €3,656 | -€753 | -17.1% |
| Leasing and similar rights | 25 | €1,656,206 | €1,495,741 | -€160,465 | -9.7% |
| Current assets | 29/58 | €180,589 | €328,629 | +€148,040 | +82.0% |
| Amounts receivable within one year | 40/41 | €122,018 | €305,194 | +€183,176 | +150% |
| Trade receivables | 40 | €100,561 | €246,786 | +€146,225 | +145% |
| Other amounts receivable | 41 | €21,457 | €58,408 | +€36,951 | +172% |
| Cash at bank and in hand | 54/58 | €48,208 | €14,874 | -€33,334 | -69.1% |
| Deferred charges and accrued income | 490/1 | €10,363 | €8,561 | -€1,802 | -17.4% |
| Total equity and liabilities | 10/49 | €2,462,564 | €2,360,236 | -€102,328 | -4.2% |
| Equity | 10/15 | -€1,398,217 | -€1,038,377 | +€359,841 | +25.7% |
| Contributions | 10/11 | €1,922,000 | €3,222,000 | +€1.3m | +67.6% |
| Profit (loss) carried forward | 14 | -€3,597,340 | -€4,509,787 | -€912,447 | -25.4% |
| Investment grants | 15 | €277,123 | €249,411 | -€27,712 | -10.0% |
| Amounts payable | 17/49 | €3,860,781 | €3,398,612 | -€462,169 | -12.0% |
| Amounts payable after more than one year | 17 | €2,719,631 | €2,282,962 | -€436,669 | -16.1% |
| Financial debts | 170/4 | €2,719,631 | €2,282,962 | -€436,669 | -16.1% |
| Amounts payable within one year | 42/48 | €1,096,976 | €1,071,476 | -€25,500 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €461,657 | €436,669 | -€24,988 | -5.4% |
| Trade debts | 44 | €163,414 | €191,000 | +€27,585 | +16.9% |
| Suppliers | 440/4 | €163,414 | €191,000 | +€27,585 | +16.9% |
| Taxes, remuneration and social security | 45 | €35,699 | €34,820 | -€879 | -2.5% |
| Taxes | 450/3 | €461 | €620 | +€159 | +34.4% |
| Remuneration and social security | 454/9 | €35,237 | €34,200 | -€1,037 | -2.9% |
| Other amounts payable | 47/48 | €436,206 | €408,988 | -€27,218 | -6.2% |
| Accrued charges and deferred income | 492/3 | €44,174 | €44,174 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €443,115 | €395,570 | -€47,545 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,067 | €253,228 | -€6,839 | -2.6% |
| Other operating charges | 640/8 | €2,760 | €968 | -€1,793 | -64.9% |
| Non-recurring operating charges | 66A | - | €2,604 | +€2,604 | |
| Gross operating margin | 9900 | -€47,908 | -€159,123 | -€111,214 | -232% |
| Operating profit (loss) | 9901 | -€753,850 | -€811,492 | -€57,642 | -7.6% |
| Financial income | 75/76B | €27,723 | €27,720 | -€3 | 0.0% |
| Recurring financial income | 75 | €27,723 | €27,720 | -€3 | 0.0% |
| Financial charges | 65/66B | €135,893 | €128,061 | -€7,832 | -5.8% |
| Recurring financial charges | 65 | €135,893 | €128,061 | -€7,832 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€862,020 | -€911,833 | -€49,814 | -5.8% |
| Income taxes | 67/77 | €461 | €614 | +€152 | +33.0% |
| Profit (loss) for the period | 9904 | -€862,481 | -€912,447 | -€49,966 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€862,481 | -€912,447 | -€49,966 | -5.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.